Oregon Public Employees Retirement Fund Has $4.87 Million Stake in Airbnb, Inc. (NASDAQ:ABNB)

Oregon Public Employees Retirement Fund trimmed its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,068 shares of the company’s stock after selling 590 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Airbnb were worth $4,871,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ABNB. National Pension Service increased its stake in Airbnb by 9.7% in the 4th quarter. National Pension Service now owns 991,063 shares of the company’s stock valued at $130,236,000 after buying an additional 88,023 shares during the last quarter. Lake Street Advisors Group LLC increased its stake in Airbnb by 3.4% in the 4th quarter. Lake Street Advisors Group LLC now owns 16,468 shares of the company’s stock valued at $2,164,000 after buying an additional 539 shares during the last quarter. FFT Wealth Management LLC acquired a new stake in Airbnb in the 4th quarter valued at $344,000. Synergy Financial Group LTD increased its stake in Airbnb by 14.3% in the 4th quarter. Synergy Financial Group LTD now owns 6,074 shares of the company’s stock valued at $798,000 after buying an additional 759 shares during the last quarter. Finally, World Equity Group Inc. acquired a new stake in Airbnb in the 4th quarter valued at $224,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Argus upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Bank of America lifted their price target on shares of Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. JMP Securities restated a “market perform” rating on shares of Airbnb in a research note on Friday, February 14th. Barclays boosted their price objective on shares of Airbnb from $110.00 to $120.00 and gave the stock an “underweight” rating in a research note on Friday, February 14th. Finally, Susquehanna boosted their price objective on shares of Airbnb from $160.00 to $200.00 and gave the stock a “positive” rating in a research note on Tuesday, February 18th. Five equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $146.48.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $128.15, for a total transaction of $89,705.00. Following the completion of the transaction, the chief technology officer now directly owns 182,614 shares in the company, valued at $23,401,984.10. This represents a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph Gebbia sold 19,448 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $137.14, for a total transaction of $2,667,098.72. Following the transaction, the director now owns 2,509 shares of the company’s stock, valued at approximately $344,084.26. This represents a 88.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,876,329 shares of company stock worth $265,258,279. 27.83% of the stock is currently owned by corporate insiders.

Airbnb Stock Performance

NASDAQ ABNB opened at $144.03 on Thursday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $90.82 billion, a P/E ratio of 34.87, a P/E/G ratio of 3.52 and a beta of 1.12. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The firm has a 50-day moving average price of $136.22 and a two-hundred day moving average price of $131.58.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Airbnb Company Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.